Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

A trial balance fails to balance, so a suspense account is opened. It is then discovered that a sale of $250 was posted to the sales account as $2500. Which entry will rectify this error?

  • Adebit sales $250, credit suspense $250
  • Bdebit sales $2250, credit suspense $2250
  • Cdebit suspense $2250, credit sales $2250
  • Ddebit suspense $2500, credit sales $2500

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